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, ceo and cofounder. we always love when people come back to the united states. so far you have just begun the process. talk about you do and why you chose china as a place to do it. you do led lighting. how long were you in china and why did you choose to go there originally? >> well, first of all, thanks for having me, dave, liz. we chose to go to china, we first opened in 2007 in china. we did a lot of engineering stuff over there because the costs were obviously a lot cheaper. and really what we concentrated on in 2000 was expanding there quite a bit. since, since 2009 we've really, we've really looked at our costs and even though it is a lot cheaper for to us manufacture products in china we've done the proper social thing about bringing businesses back to the u.s.. david: so tell us, first of all exactly how much of a loss, i mean, essentially you are going to be paying more by higher labor costs, will you not, coming into the united states? >> yeah, we're paying more but you know, there is field expenses too have that gone up which makes china knot appealing to us and also the
in the united states, but look what's happening. the market just keeps laughing it off and going up in the face of danger, all of the indices are up today. as cheryl and i were talking, they did come down a little bit. it was triple digits in the dow a little earlier in the day, it came down from that point but still a 69-point gain b is quite impressive. all of the indices, nasdaq the smallest of the gainers today, just up .02%, but russell 2000 up as well. when the bell rings, the action begins, a former hedge fund manager who says the federal reserve does have a secret weapon that a lot of people aren't talking about that it could fire this week. it's not more money printing we're talking about. also, we have a fox business exclusive interview with legendary investor mark babier, he's going to outline the five reasons why he thinks equities could fall, but first, today's data download. stocks ended the day in the green but well off session highs. energy and financials were the best performing sectors while consumer staples and utilities did lag. the dow hit its highest level since december 2
the past two years the united states increased its production of crude oil and natural gas liquids by 1.3 million barrels a day. by the end of this year it may be two million barrels a day. that is on a base of five. david: that is enough to move the price in the market? >> that is i am men's. it can -- immense. it can move the price in the market. liz: meaning more energy jobs available. what are the numbers? the obama administration said 600, 700,000 jobs could be created. do you feel that is a ballpark figure? >> that the number for natural gas, 600,000 is for natural gas. oil is probably another two million jobs. combination of these two technologies can bring back more than a third of the jobs that were lost in the great recession. liz: but there would be training involved. just doesn't happen instantaneously, does it? >> no. it happens over time, over two, three, 4-year period. but if you look at the united states economy overall, for every 100, $115,000 of gdp we get one job in this country. for every million barrels of oil you import, you don't, you save, for five million barrel
plenty of reserve to do that. we are in a below average economy here in the united states. a slight recession in europe. slowing gdp growth in emerging economies. it is a tough environment. >> very tough indeed, thank you. liz: gel, we were check back with you in a few minutes we do the federal reserve announcing another round of money easing. peter barnes is sitting down exclusively with boston fed president eric rosencrantz. here is what he had to say about he thinks how it will affect the economy. >> i think it will have a material impact and they're a number of ways it can happen. one is in the housing market, rates are low, but we are starting to see in the markets that prices are starting to go up. if you think that the federal reserve program will last for a certain period of time, there is the same thing when purchasing a large building. interest rates may start rising as the economy improves. that is exactly the kind of behavior we are hoping for. liz: mark olson is a former federal reserve or governor. you heard what he said. a very important interview. he truly feels that
of physical gold is actually bought outside the united states. actually, outside the developed world enter emerging markets. we have seen in the u.s.s. cole be more of a trading vehicle, and only now we are seeing the adoption of physical gold chemical ets, and gold investment. gold in and of itself is much more of an emerging market phenomenon the start to come to the u.s. liz: we have breaking news. robert gray. >> reporter: cyber attacks. we talked about bank of america. nyse was the subject of an attack. it did not report what today. flashpoint partners is saying the new york stock exchange website is a subject of a distributed denial of service attacks. although it appears to have been unsuccessful so far in taking the stage website of flight. i can't confirm go i just wanted a site for. the twitter account, saudi anonymous one which really ticked by hitting the website as the actor behind the attack. now, separately is says the j.p. morgan chase is likely due to a sustained de dos attacked, distributed denial of service attack. this is the bank of america was hit with, something simi
be a good way to spend some spare time. whenever you have the president of the united states selling your product, you can capitalize on it on all kind of ways. how have you capitalized on the president? i know the subway conductors are fun stuff but when you get the president that you can convert into money. >> you know, for us it was a big moment because it showed the value of it as an interview format. i personally would like to more politicians coming on. he wasn't the first. hope he is not the last. we extended invitation to presidential candidate romney. i would like to see every level of government. david: alexis, i have to press my point with you. how do you monotize getting the president on? for example, if you're a book writer, if you have the president holding your book saying that is a good book you can capitalize on that. how do you that from a website perspective. >> i may not be that good of an entrepreneur to figure that out. it obviously legitimatized red did and put it on. that monetizaton will come but i expect any photos of the president on reddit. liz: you could have
Search Results 0 to 5 of about 6

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